{"id":10190,"date":"2023-01-20T04:51:48","date_gmt":"2023-01-20T04:51:48","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10190"},"modified":"2025-02-19T09:35:40","modified_gmt":"2025-02-19T09:35:40","slug":"what-is-qtum","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-qtum","title":{"rendered":"What is Qtum? The complete guide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-qtum\/#qtum_history\" >Qtum history<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-qtum\/#how_does_qtum_work\" >How does Qtum work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-qtum\/#0x_wallets\" >0x Wallets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-qtum\/#how_to_mine_qtum\" >How to mine Qtum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-qtum\/#qtum_vs_bitcoin\" >Qtum vs Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-qtum\/#where_to_buy_qtum\" >Where to buy Qtum?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Qtum is formed by the union of the\u00a0<strong>Bitcoin UTXO Model<\/strong>\u00a0and\u00a0<strong>Ethereum EVM<\/strong>\u00a0Account Model, that is, Qtum is a hybrid platform built on the\u00a0<strong>own blockchain<\/strong>. It is characterized by being a blockchain project\u00a0<strong>open source<\/strong>\u00a0which maintains its headquarters in Singapore<\/p>\n<p>Combining the best of\u00a0<strong>Bitcoin and Ethereum<\/strong>\u00a0the platform provides bitcoin security and reliability and, in turn, offers all the benefits of Ethereum\u2019s blockchain.<\/p>\n<p>This platform specializes in connecting blockchain that allows companies and developers to create decentralized applications and smart contracts.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"qtum_history\"><\/span><b>Qtum history<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In 2016\u00a0<strong>Patrick Dai, Jordan Earls and Neil Mahi<\/strong>\u00a0they created QTUM. Prior to launch, the three developers studied various combinations of concepts with the aim of creating their own smart contract platform. In March 2017 the founders launched a\u00a0<strong>ICO<\/strong>\u00a0(Initial Cryptocurrency Offering) where they managed to collect a total of\u00a0<strong>US$15.5 million<\/strong>\u00a0in just 5 days<\/p>\n<p>The Qtum team has created an entity to monitor the development of the project and the harmony of the community. This entity is the\u00a0<strong>Qtum Foundation<\/strong>\u00a0and was charged with administering the funds raised at the ICO.<\/p>\n<div id=\"image_2089841878\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-04.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-04.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-04-300x205.jpg 300w\" alt=\"que es qtum Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-04.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-04-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-04.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_qtum_work\"><\/span><b>How does Qtum work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The aim of the platform is to facilitate users\u00a0<strong>the development of decentralized applications<\/strong>\u00a0compatible with blockchain technology. This is achieved by being compatible with the vast majority of blockchains. On these ecosystems the platform can run its projects and its applications.<\/p>\n<p>Its operation also allows users to move their cryptocurrencies and make transfers<strong>\u00a0inside and outside the blockchain<\/strong>. All this thanks to smart contracts that act as the backbone of the platform.<\/p>\n<p>To\u00a0<strong>connect the real world with blockchains<\/strong>, Qtum uses UTXO (Unspent Transaction Output model), a secure solution to manage transactions. UTXO runs in the Ethereum virtual machine.<\/p>\n<p>Another feature of this platform is its\u00a0<strong>abstraction layer<\/strong>. This makes it possible to separate an application and its protocol so that developers can add features of smart contracts. The abstraction layer performs the function of communication between virtual machines.<\/p>\n<p>The main cryptocurrency of the blockchain is the\u00a0<strong>Qtum coin<\/strong>. The token was launched in 2017 with an initial value of\u00a0<strong>5 USD<\/strong>. This cryptocurrency was a\u00a0<strong>ERC20 token<\/strong>\u00a0before its launch.<\/p>\n<p>The\u00a0<strong>blockchain of Qtum<\/strong>\u00a0supporta token QRC20, a shunt of ethereum\u2019s\u00a0<strong>ERC20<\/strong>\u00a0tokens. These can be used within dApps. To make a transaction\u00a0<strong>QRC20<\/strong>\u00a0is required\u00a0<strong>Qtum coins<\/strong>\u00a0as a gas fee.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"0x_wallets\"><\/span><b>0x Wallets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To purchase Qtums you need a\u00a0<strong>wallet<\/strong>\u00a0to keep them. There is a wide variety of wallets, each with\u00a0<strong>different properties<\/strong>. Choose one based on your needs and preferences.<\/p>\n<ul>\n<li>If you want a\u00a0<b>Desktop Wallet<\/b>\u00a0there is an alternative.\u00a0<a href=\"https:\/\/qtumeco.io\/wallet\">Qtum Electrum<\/a>\u00a0is available for Mac and Windows users.<\/li>\n<li>In\u00a0<b>hardware wallets<\/b>\u00a0we have\u00a0<a href=\"https:\/\/www.ledger.com\/\">Ledger<\/a>\u00a0o\u00a0<a href=\"https:\/\/trezor.io\/\">Trezor wallet<\/a>\u00a0to store your cryptocurrencies.<\/li>\n<li>In the wallet for\u00a0<b>mobile devices<\/b>\u00a0we have a greater variety. Among these\u00a0<a href=\"https:\/\/www.exodus.io\/\"><b>Exodus<\/b><\/a>\u00a0and\u00a0<b>Trust Wallet<\/b>\u00a0are easy to use and safe alternatives to store your cryptocurrencies.<\/li>\n<\/ul>\n<div id=\"image_1404840368\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-03.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-03.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-03-300x205.jpg 300w\" alt=\"que es qtum Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-03.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-03-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-03.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_mine_qtum\"><\/span><b>How to mine Qtum<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This cryptocurrency<strong>\u00a0is minable<\/strong>, thowever, the extraction process does not require powerful hardware. Qtum mining is based on protocol\u00a0<strong>Proof-of-Stake<\/strong>\u00a0and the process is not at all similar to normal mining processes.<\/p>\n<p>To undermine Qtum the first step is\u00a0<strong>to send them to a wallet.<\/strong>\u00a0Once received, we wait for the transaction to mature, this is achieved when 500 blocks are generated that are equivalent to a period of\u00a0<strong>16 hours<\/strong>. When the transaction has matured, the user is considered a participant in the system. Finally, the\u00a0<strong>wallet is left running<\/strong>\u00a0and communicates with others\u00a0<strong>nodes on the network<\/strong>.<\/p>\n<p>To undermine is usually recommended to have between<strong>\u00a0250 and 1000 Qtum<\/strong>\u00a0per transaction. The size of mined blocks in the<strong>\u00a0rewards is 4 Qtumm\u00a0<\/strong>of which are generated\u00a0<b>0,4 Qtums<\/b>\u00a0and the remaining, which would be\u00a0<b>3,6,<\/b>\u00a0will be available to be spent in the following\u00a0<strong>9 consecutive blocks<\/strong><b>.<\/b><\/p>\n<p>As for the price of the token, its value is comparable to that of Ethereum. This is because if the demand for smart contracts increases\u00a0both cryptocurrencies\u00a0<b>increase their price.<\/b><\/p>\n<p>Currently Qtum has a\u00a0<strong>price<\/strong>\u00a0between $2 and $2.5 with a market capitalization of approximately $200 million.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"qtum_vs_bitcoin\"><\/span><b>Qtum vs Bitcoin<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although both currencies share the UTXO are not equal, they actually have some differences:<\/p>\n<ul>\n<li>Bitcoin is based on the Pow protocol while Qtum is based on Pos.<\/li>\n<li>While Bitcoin is a cryptocurrency with a high volume of fluctuations in its price, Qtum offers stability to its users.<\/li>\n<li>Bitcoin mining equipment requires much higher power and energy than Qtum. In fact, Qtum does not require mining equipment with powerful hardware.<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"where_to_buy_qtum\"><\/span><b>Where to buy Qtum?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you want to know how to\u00a0<b>buy Qtum<\/b>\u00a0or where to do it, we definitely recommend that you\u00a0<a href=\"https:\/\/www.bitnovo.com\/buy-qtum-online-en\">buy Qtum on Bitnovo<\/a>. And that\u2019s not simply because we\u2019re inside the brand blog, but because Bitnovo is really a fast and safe way to do it.<\/p>\n<div id=\"image_370710197\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-02.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-02-300x205.jpg 300w\" alt=\"que es qtum Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-02-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/11\/202011-fila-12-que-es-qtum-02.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Qtum is formed by the union of the\u00a0Bitcoin UTXO Model\u00a0and\u00a0Ethereum EVM\u00a0Account Model, that is, Qtum is a hybrid platform built on the\u00a0own blockchain. It is characterized by being a blockchain project\u00a0open source\u00a0which maintains its headquarters in Singapore Combining the best of\u00a0Bitcoin and Ethereum\u00a0the platform provides bitcoin security and reliability and, in turn, offers all the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":7108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-10190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10190"}],"version-history":[{"count":1,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10190\/revisions"}],"predecessor-version":[{"id":21308,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10190\/revisions\/21308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7108"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}